Aristides Capital LLC Raises Stake in Aviat Networks, Inc. (NASDAQ:AVNW)

Aristides Capital LLC grew its position in Aviat Networks, Inc. (NASDAQ:AVNW - Free Report) by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,102 shares of the communications equipment provider's stock after buying an additional 16,630 shares during the quarter. Aviat Networks accounts for 0.6% of Aristides Capital LLC's holdings, making the stock its 25th largest holding. Aristides Capital LLC owned approximately 1.22% of Aviat Networks worth $2,791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in Aviat Networks during the fourth quarter worth about $34,000. AlphaQuest LLC purchased a new position in Aviat Networks in the 4th quarter valued at approximately $133,000. Quantbot Technologies LP acquired a new position in shares of Aviat Networks in the fourth quarter worth $156,000. Truvestments Capital LLC increased its position in shares of Aviat Networks by 8.0% during the fourth quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock worth $194,000 after acquiring an additional 794 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Aviat Networks by 635.0% in the third quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider's stock valued at $308,000 after purchasing an additional 12,306 shares during the period. Hedge funds and other institutional investors own 78.62% of the company's stock.

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Aviat Networks Stock Performance

AVNW traded down $0.02 on Friday, reaching $16.62. The company had a trading volume of 33,206 shares, compared to its average volume of 150,516. The stock has a 50-day moving average price of $20.25 and a 200-day moving average price of $19.16. The stock has a market capitalization of $210.74 million, a PE ratio of -83.43 and a beta of 1.57. Aviat Networks, Inc. has a 1 year low of $12.96 and a 1 year high of $34.66. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last posted its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. As a group, research analysts forecast that Aviat Networks, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AVNW has been the topic of a number of analyst reports. Northland Securities reaffirmed an "outperform" rating and issued a $30.00 price target (up previously from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com upgraded shares of Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Aviat Networks currently has a consensus rating of "Moderate Buy" and an average target price of $37.60.

Aviat Networks Profile

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.